179
179
Dec 13, 2012
12/12
by
KGO
tv
eye 179
favorite 0
quote 0
. >> the longer the white house road blocks this discussion, closer our economy gets to the fiscal cliff. >> in an interview, the president was optimistic a deal can be reached. >> i'm confident republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> monday night, white house sent speaker boehner on offer including $1.2 trillion in new revenue. yesterday, boehner sent a counter proposal back but looked almost exactly like their original plan. $800 in new revenue continues to be the sticking point. tax rates on the top earners. republicans insist the white house gives them specifics on the cuts the president is willing to make. yesterday spokesman brought out a copy of the budget, evidence they've done that already. >> this is not a mystery this, is the document. it contains the spending cuts. >> speaker boehner said the phone call was a pretty frank conversation about just how far apart the two sides are right now. abc news, washington. >> retiring u.s. senator joe lieberman delivered a sentimental farewell speech today. >> will re
. >> the longer the white house road blocks this discussion, closer our economy gets to the fiscal cliff. >> in an interview, the president was optimistic a deal can be reached. >> i'm confident republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> monday night, white house sent speaker boehner on offer including $1.2 trillion in new revenue. yesterday, boehner sent a counter proposal back but looked almost...
416
416
Nov 30, 2012
11/12
by
KGO
tv
eye 416
favorite 0
quote 1
. >>> now, the stalemate in washington over the fiscal cliff. everyone's taxes are set to go up in just over a month if congress and the white house fail to reach a deal. and the talks blew up yesterday, after republicans dismissed the latest offer from secretary tim geithner. just listen to house speaker john boehner and senate majority leader, harry reid. >> listen this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. >> i don't understand his brain. so, you should ask him. okay? >> tough words there. abc's jon karl is covering this all from capitol hill. jon, as we said, senate republican leader mitch mcconnell says he laughed out loud at geithner's offer. break down the offer from the white house and the republican objections. >> reporter: not only did he laugh out loud, the speaker saying it's unrealistic. the key is $1.6 trillion in tax increases over the next ten years. $50 billion in additional stimulus spending. $400 billion in medicare cuts. but unspecified over the ne
. >>> now, the stalemate in washington over the fiscal cliff. everyone's taxes are set to go up in just over a month if congress and the white house fail to reach a deal. and the talks blew up yesterday, after republicans dismissed the latest offer from secretary tim geithner. just listen to house speaker john boehner and senate majority leader, harry reid. >> listen this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult...
235
235
Nov 20, 2012
11/12
by
KGO
tv
eye 235
favorite 0
quote 0
traders were buying yesterday amid talk from washington that a deal to avoid that so-called fiscal cliff could be reached by the obama administration and the congressional republicans. the dow had its best day since early september. it climbed 207 points. >>> to use a phrase from monte python, hostess is not dead yet. hostess, the second largest union will open court ordered mediation today. if the maker of twinkies and tasty treats can't be cut, a liquidation hearing will resume tomorrow. grab your ding dongs, keep your fingers crossed, king dongs, ding dongs. >> king dongs, something you made up. >> i heard of ding dong. >> don't know where the king dong came from. if you have ever heard of a king don put it on face book, tweet us proof. >> send us one. >> i have never heard of that. here is your tuesday forecast, everybody. still stormy in the northwest with downpours in washington, oregon, northern california. heavy snow in the cascades and olympic mountains. blizzard warnings in the northern rockies. 20 degrees warmer than normal from denver to dallas and detroit. some showers in so
traders were buying yesterday amid talk from washington that a deal to avoid that so-called fiscal cliff could be reached by the obama administration and the congressional republicans. the dow had its best day since early september. it climbed 207 points. >>> to use a phrase from monte python, hostess is not dead yet. hostess, the second largest union will open court ordered mediation today. if the maker of twinkies and tasty treats can't be cut, a liquidation hearing will resume...
209
209
Nov 30, 2012
11/12
by
KGO
tv
eye 209
favorite 0
quote 0
to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a provision now, part of the negotiations where, the congressional control over the debt limit would go away. and congress does not like to have its power take any way. so maybe the white house, upped the ante and played the stronger card and has republicans balking, according to reporting by "the washington post." that's a new element, all of that, that could prove interesting because it's stripping congressional control. and we just had the big debate over the debt ceiling. >> exactly. >> interesting. the clock is ticking, fellows, for sure. >>> speaking of money, extending jobless benefits
to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a provision now, part of the negotiations where, the congressional...
745
745
Nov 16, 2012
11/12
by
KGO
tv
eye 745
favorite 0
quote 0
president obama has his first face-to-face meeting with congressional leaders over the fiscal cliff hitting january 1st. everyone's taxes set to go up if they can't reach a deal to reduce the deficit. let's go to abc's jonathan karl for more on that. >> reporter: there's not much time left. as one senior white house official told me, this has to be a real start to this meeting. there's no time for photo ops or show meetings. i'm told the president is going to kick things off with a public statement, reiterating his firm position that tax rates on the wealthiest 2% must go up. he will not waiver on that, even as he wants to cut taxes or extend tax cuts for everybody else. that would appear to put him on a collision course with republicans who said raising tax rates on anybody is unacceptable. so, george, potential collision course. but i've got to tell you, both sides are saying they believe something can and must be worked out. >> but to be clear, working things out, the bottom line is wealthier are going to pay more one way or the other. >> reporter: that's absolutely the case. even republ
president obama has his first face-to-face meeting with congressional leaders over the fiscal cliff hitting january 1st. everyone's taxes set to go up if they can't reach a deal to reduce the deficit. let's go to abc's jonathan karl for more on that. >> reporter: there's not much time left. as one senior white house official told me, this has to be a real start to this meeting. there's no time for photo ops or show meetings. i'm told the president is going to kick things off with a public...
191
191
Nov 16, 2012
11/12
by
KGO
tv
eye 191
favorite 0
quote 0
don't reach a deal. both sides say they're willing to look for compromises. but the markets, of course, have been very jittery, worried that there will not be a resolution by that deadline in just a few weeks, less than 50 days now. >>> overseas now, a question who blinks first in the increasingly violent conflict between israel and the palestinians. >> israeli officials warn they're ready for a ground invasion if hamas does not stop firing missiles into the country. fighting between the two side escalated sharply yesterday. with a first ever militant attack on the tel aviv area. we'll, of course, have much more on the growing tension coming up later in this half hour of the show. >>> federal investigators are heading to the scene of a tragic accident in texas where a freight train slammed into a parade float carrying wounded veterans. four people were killed, 17 hurt, when the europe onpacific train hit the float at a crossing after sounding its horn. the railroad said the crossing gates and lights were
don't reach a deal. both sides say they're willing to look for compromises. but the markets, of course, have been very jittery, worried that there will not be a resolution by that deadline in just a few weeks, less than 50 days now. >>> overseas now, a question who blinks first in the increasingly violent conflict between israel and the palestinians. >> israeli officials warn they're ready for a ground invasion if hamas does not stop firing missiles into the country. fighting...
221
221
tv
eye 221
favorite 0
quote 0
but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work out a deal. jake tapper, abc new, the white house. >> that's scary, 11 days. fellows you sit up there until it gets wrapped up. quick synopsis, gop, $800 billion in revenue through tax reform on the table. that's not what the white house wants. they want tax rates to go up as oppose to revenue going up which would include closing some loopholes. kind of one of the sticking points. >> and speaker of the house john boehner sent a nice little hallmark card, a letter to the president. i want to read you an excerpt. he set the american people rightly expect both parties to come together on a fair middle ground and address the nation's most pressing challenges. the proposal calls for $1.
but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work out a deal. jake tapper, abc new, the white house. >> that's scary, 11 days....
938
938
Dec 14, 2012
12/12
by
KGO
tv
eye 938
favorite 0
quote 0
more signs that they're no closer to a deal to the fiscal cliff. but at least yesterday, president obama and house speaker john boehner sat down and talked. house speaker john boehner paid a visit to the white house for a nearly hour-long meeting with president obama. it was their second face-to-face session in the past five days. the president was asked if he's feeling optimistic. >> it's a work in progress. >> reporter: very much in progress. right now there's even disagreement on what they're disagreeing about. is it tax rates for the wealthy? >> there are some clear, you know, red lines when it comes to how we build a broader deficit reduction package. >> reporter: or is it spending cuts? >> it's clear the president is not serious about cutting spending, but spending is the problem. >> reporter: in ten minutes, boehner hammered home that point nearly two dozen times and signaled there may be room for flexibility. >> if the president will show us he's willing to make the spending cuts needed, i think we can do some real good in the days ahead. >
more signs that they're no closer to a deal to the fiscal cliff. but at least yesterday, president obama and house speaker john boehner sat down and talked. house speaker john boehner paid a visit to the white house for a nearly hour-long meeting with president obama. it was their second face-to-face session in the past five days. the president was asked if he's feeling optimistic. >> it's a work in progress. >> reporter: very much in progress. right now there's even disagreement on...
544
544
Nov 29, 2012
11/12
by
KGO
tv
eye 544
favorite 0
quote 0
signs, perhaps, of a potential compromise there to avoid the so called fiscal cliff that would raise taxes on a typical american family by some $2,200. republican congressman tom cole, of oklahoma, is urging republicans to accept president obama's deal and allow the bush-era tax cuts on the wealthy to expire for now. so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the
signs, perhaps, of a potential compromise there to avoid the so called fiscal cliff that would raise taxes on a typical american family by some $2,200. republican congressman tom cole, of oklahoma, is urging republicans to accept president obama's deal and allow the bush-era tax cuts on the wealthy to expire for now. so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today,...
173
173
Nov 27, 2012
11/12
by
KGO
tv
eye 173
favorite 0
quote 0
cliff now stands at five weeks. if congress doesn't act, $650 billion in spending cuts and tax increases automatically go into effect on january 1. there are now increasing signs that republicans may be willing to deal on the most controversial issue -- taxes. but for many republicans, doing just that would mean breaking a pledge to not raise taxes. and taking the political risks that come with it. the "no new taxes" pledge is the brainchild of grover norquist, president of americans for tax reform. >> what the pledge does, of course, allows elected officials to make it clear openly to the american voters where they stand. >> reporter: norquist may not be a household name outside the belt kwai, but here in washington he carries significant weight as evidenced by the hundreds of republican lawmakers who have signed his pledge over the years. even as top republicans signal they are willing to compromise there is still a catch. the white house indicated everything is part of the discussion. >> all three legs of this wi
cliff now stands at five weeks. if congress doesn't act, $650 billion in spending cuts and tax increases automatically go into effect on january 1. there are now increasing signs that republicans may be willing to deal on the most controversial issue -- taxes. but for many republicans, doing just that would mean breaking a pledge to not raise taxes. and taking the political risks that come with it. the "no new taxes" pledge is the brainchild of grover norquist, president of americans...
226
226
Dec 13, 2012
12/12
by
KGO
tv
eye 226
favorite 0
quote 0
cliff, now both sides in this standoff seem no closer to a deal. the public rhetoric, though, is ramping up, while the private talks seem to be at a standstill over the same tax hangups. >> the president and i had a frank conversation about how far apart we are. >> he has made abundantly clear both in his policy presentations and in what he has said to you and to the american public that he is willing to make tough choices on the spending side. >>> the overseas markets though, don't seem to be too concerned about the lack of progress. stocks actually are mostly up, in fact. >> there's all kinds of polls out there. we have an abc news poll, fox news poll. i think overwhelmingly, the majority of americans support president obama on raising the taxes on the wealthiest. but i thought this was interesting. a majority of republicans think cuts to entitlement programs, should be made now, even if it's tough on families. but democrats think they should be continued to be funded at their current levels, even if it means passing on trillions of dollars of de
cliff, now both sides in this standoff seem no closer to a deal. the public rhetoric, though, is ramping up, while the private talks seem to be at a standstill over the same tax hangups. >> the president and i had a frank conversation about how far apart we are. >> he has made abundantly clear both in his policy presentations and in what he has said to you and to the american public that he is willing to make tough choices on the spending side. >>> the overseas markets...